2506 W 12TH ST, Austin TX 78703

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,221,501. I'd recommend coming to market at $776,000 to $786,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78703, this price point lands at the 0th most expensive of 7 comparable homes on the market. Built in 1990, this home is 30 years newer than the average comp, which is reflected in the adjustments. The 0.24 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Buyers in 78703 have 7 comparable options right now, with asking prices between $750,000 and $1,100,000. The trend in 78703 shows prices have fallen 17.9% in the past 6 months. 2115 W 12th ST, Austin TX 78703 nearby adjusts to $1,060,481; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group